Hello everyone, I hope that all of you are fine. Yesterday,I just made LONG-position because of some reasons as below:
1. Price broke up downward trend line. Beside, price also closed above 0.4415 (strong resistance in the past).
2. RSI is moving higher than 50. This is strong confirmation as upward movement is going.
3.Signal line is moving above MACD line.
All these indicators that I used, show us a consistent signal, it confirm LONG-position. Therefore, I propose LONG - position as below:
- Entry price : 0.43xx-0.45xx
- Take-profit : 0.48xx
- Stop-loss price: 0.4230.
Trend Analysis

Disclaimer